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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
North America Renewable Electrical Maintenance Market Trends
Canada is one of the largest per-capita consumers of energy, globally. To achieve the requirement of the United Nations Sustainable Development Goal 7 (SDG 7), Canada is transitioning to clean energy sources, including solar, wind, hydro, and geothermal. As part of SDG 7, Canada intends to achieve 90% of electricity from renewable and non-emitting resources by 2030. In July 2023, The Government of Canada, in partnership with Indigenous communities invested in nine solar power projects in Alberta. These projects in total are aimed at creating 163 MW of new solar generation and providing 48 MW of battery storage capacity.
Furthermore, innovations such as remote sensors and AI help substantially reduce maintenance expenses for operators, propelling the North America renewable electrical maintenance market expansion. For instance, a wind operator can detect a condition and opt to schedule a repair during a period of low wind. This early identification can minimise downtime and enable the wind operator to proactively plan.
North America Renewable Electrical Maintenance Market Report Snapshots
North America Renewable Electrical Maintenance Market Size
North America Renewable Electrical Maintenance Market Trends
North America Renewable Electrical Maintenance Manufacturers
North America Renewable Electrical Maintenance Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market value was approximately USD 559.13 million.
The market is projected to grow at a CAGR of 19.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 2670.72 million by 2032.
The major drivers include rising adoption of renewable energy sources due to favourable government policies and rising investments in renewable energy projects.
The key trends include increasing integration of artificial intelligence (AI) in regular maintenance of renewable energy systems and technological advancements and innovations.
The different types of renewable electrical maintenance include geo-thermal energy services, hydro energy services, wind energy services, and solar energy services.
The major deployment modes of renewable electrical maintenance include onsite and offsite.
The major players in the market include RESA Power, LLC, Shermco, General Electric Company, ABB Ltd., Emerson Electric Co., RENEW, Canadian Solar Inc, and Suntrek Industries, Inc.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124